Dangote group has stated that it plans to make entrepreneurs out of its Graduate Executive Truck Drivers.
Its Chairman stated this at the World Bank Youth Forum which involved a mentor dialogue with Nigeria's foremost businessman and Billionaire, Alhaji Aliko Dangote Thursday in Abuja. The forum was organized by the Coordinator, Rotimi Olawale and headed by the World Bank Country Director, Marie Francoise Marie-Nelly.
The World Bank Youth Forum was organized in a bid to engage in discussions with the government and entrepreneurs on business and development in Nigeria and Africa.
In an informal chat with the participants, Aliko Dangote shared his business story and how Dangote group rose from the beginning to become one of the largest conglomerates in Africa from 1978 till date. He added that the group's vision is to become the largest company in Africa, amongst the top 100 countries in the world and to be worth up to $75 billion by 2017.
Concerning the recent Graduate Executive Truck Driver vacancy, he revealed that over 13, 000 applications were received including applications by PHD Holders, MBA Holders, those with masters and other graduate degrees.
He explained that only 1000 drivers were needed however the idea behind getting graduates as drivers was to eventually make them entrepreneurs; owning the truck after a period. He added that the drivers get trip allowances on each trip along with their salaries; after accomplishing 300, 000 kilometers with the truck, they will own it at no interests or repayments.
The business magnate shared some of his business values and secrets which include always being willing to give back. "It is not always about money but how do I always give back to the community? Agriculture is the best business to help give back" he said. Dangote group is presently involved in Sugar, Rice and palm oil farming which he disclosed will create additional 150, 000 jobs within the next 5 years. "Food isn't cheap so the earlier we start looking at it as a business, the better".
He also noted that Dangote group was always eager and ready to work with the government of any state they were in; giving grants to indigenes, providing amenities and training youths in vocational skills.
Dangote further encouraged the participants to be hardworking, to be prudent and re-invest in business rather than spend profits.
He added that focus is needed to succeed and determination to go on in spite of challenges and Integrity as a personal value.